Avid Bioservices Inc (CDMO)

[Carboat]

Poison Pills in a company like pphm exist to be sure that bod and execs can negotiate THEIR financial gains without being dumped by an acquirer. It forces the buyer to negotiate with them. The actual poison pill would be dissolved prior to the takeover after the "team" got their payout. But any acquisition, friendly or hostile, after the failed PIII, would be both unlikely and welcome.